$1,680,000

11201140 Bypass Road , Winchester, KY 40391

 
Bedrooms:0 beds
Bathrooms:0 baths
Other:0 sqft
Lot:0.98
Year Built:--
Listing Status:Active

Listing Agent

Gregory Leveridge
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

This unique offering can combine both properties into one sale as they are contiguous properties and owned by the same seller. Would be an effective way for a developer to acquire the 1140 Bypass Rd. property as an investment property, providing in-place income from Sleep Outfitters to help offset the development costs of the 1120 Bypass Rd. vacant lot. The seller is entirely open to independent sales of the two properties, or a collective sale. Contact agent for more details on the Sleep Outfitters Lease, and other questions. Property Highlights: -Sleep Outfitters just signed an extension, taking this lease term out to March 31, 2031. -6 years of term remaining -7% cap rate at 2025's rent, 7.35% effective April 2026 upon rent increase -$90K NOI 2025, $94K NOI effective April 2026 upon rent increase Ideally located along the heart of Bypass Road in Winchester, Kentucky between Kroger and Walmart Shopping Centers. Winchester, Kentucky is the county seat of Clark County, Kentucky and is part of the Lexington-Fayette Kentucky Metropolitan Statistical Area.

Detailed Items

Other Information

11201140 Bypass Road, Winchester, KY, 40391 is a other listing of 0 sqft on a lot of 0.98. This other listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property11201140 Bypass Road, Winchester, KY
Copyright © 2025 Lexington-Bluegrass Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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